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DERIVATIVES AND HEDGING TRANSACTIONS - Information by Type of Derivative and Hedging Activities (Details)
€ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
EUR (€)
Dec. 31, 2022
USD ($)
Cash Flow Hedges            
Maximum period for hedged transactions     1 year      
Fair Value Hedges            
Derivative liability $ 193.1   $ 193.1     $ 203.6
Net Investment Hedges            
Revaluation (loss) gain, net of tax (23.8) $ 71.4 (40.5) $ 90.3    
Seven year 2008 senior notes            
Fair Value Hedges            
Aggregate principal amount 1,500.0   1,500.0      
Cost of sales            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) on derivative recognized in income 2.8 0.8 8.1 0.8    
Selling, general and administrative expenses            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) on derivative recognized in income (7.9) 72.4 (38.5) 100.5    
Interest expense, net            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) on derivative recognized in income 1.7 3.3 3.2 6.5    
Foreign currency forward contracts            
Net Investment Hedges            
Notional values 3,687.0   3,687.0     5,745.0
Foreign currency forward contracts | Derivatives not designated as hedging instruments            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) on derivative recognized in income $ (3.5) $ 34.2 $ (28.1) $ 48.4    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense    
Interest rate swap agreements            
Net Investment Hedges            
Notional values $ 1,500.0   $ 1,500.0     1,500.0
Euro Notes            
Net Investment Hedges            
Revaluation (loss) gain, net of tax (9.8) $ 42.5 (24.9) $ 52.8    
Cross-currency swap derivative contracts            
Net Investment Hedges            
Notional values 682.0   682.0     $ 650.0
Revaluation (loss) gain, net of tax $ (14.0) $ 28.9 (15.6) 37.5    
Cash Flow Hedges. | Derivatives designated as hedging instruments | Interest expense, net            
Impact on AOCI and earnings from derivative contracts            
Amount excluded from the assessment of effectiveness recognized in earnings based on changes in fair value     $ 4.1 $ 7.7    
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments            
Impact on AOCI and earnings from derivative contracts            
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense    
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Cost of sales            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) reclassified from AOCI into income (effective portion) $ 2.8 $ 0.8 $ 8.1 $ 0.8    
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Selling, general and administrative expenses            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) reclassified from AOCI into income (effective portion) (4.4) 38.2 $ (10.4) $ 52.1    
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Interest expense, net            
Impact on AOCI and earnings from derivative contracts            
Amount excluded from the assessment of effectiveness recognized in earnings based on changes in fair value 2.1 3.9        
Cash Flow Hedges. | Interest rate swap agreements | Derivatives designated as hedging instruments            
Impact on AOCI and earnings from derivative contracts            
Gain (loss) reclassified from AOCI into income (effective portion) $ (0.4) $ (0.6)        
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Net Interest Expense, Net Interest Expense, Net Interest Expense, Net    
Gain (loss) on derivative recognized in income     $ (0.9) $ (1.2)    
Fair Value Hedges | Interest rate swap agreements            
Fair Value Hedges            
Cumulative amount of fair value hedging adjustment $ (184.5) $ (125.9) (184.5) (125.9)    
Derivative liability 1,317.9 $ 1,376.4 1,317.9 $ 1,376.4    
Net Investment Hedge | Senior euro notes            
Net Investment Hedges            
Notional values 1,229.0   1,229.0   € 1,150  
Net Investment Hedge | Cross-currency swap derivative contracts            
Net Investment Hedges            
Notional values $ 682.0   $ 682.0   € 625